Renting Out Your Property Over The Summer Holidays – Are You Insured?

By Macquarie Insurance Brokers Australia    October 31, 2019

A recent AFR article highlights the possibility of home-owners not being adequately covered by their insurance policies for short-term rentals as the summer and Christmas holidays loom.

If you are getting ready to rent out your home through platforms such as Airbnb, Stayz, Homeaway or, it would be wise to check to see if your Home and Contents Insurance policy covers you for possible risks that can happen. Risks include cases of your renters not being covered if they injure themselves on your property, or your contents being accidentally or maliciously damaged or stolen. A simple call to your broker for short-term rental stays can help to mitigate you from the financial loss if anything does go wrong.

The Insurance Council of Australia recommends this checklist before you let out your property via a short-term online platform:

  • Check your insurance and consider specialist insurance
  • Don’t rely on platforms’ host protection insurance
  • Remove valuable items such as jewellery, original artworks
  • Check council and strata rules that may prevent short-term leasing
  • Make sure your property is safe and secure


General Advice Warning

This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

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